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8/13/2019 Human Resources Management Policies and Practices of Exim Bank Ltd

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Variablesin the report variables are used banking system. Two variables are-a) Islamic system

b) Conventional system

Analytical Methoda. Descriptive method

b. Conventional versus Islamic banking

c. Performance and Growth

d. SWOT analysis

Sources of Information:

Primary data

Primary data will be collected by interviewing employees and manager of Exim bank, newEskaton branch and directly communication with the customers. A questionnaire survey will bedone to minimize interruption of the banking activities. Primary $ata

will be mostly derived from the discussion with the employees & through surveys on

customers of the organization. Primary information will be under consideration in the

following manner;

Face to face conversation with the employees

Appointment with the top officials of the Bank &

By interviewing customers at Exim, New Eskaton Branch

Secondary data

Secondary sources that will be used in the study will include:

Internal Sources

Banks Annual Report Group Business Principal manual Group Instruction Manual & Business Instruction Manual


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Prior research report Any information regarding the Banking sector

External Sources

Different books and periodicals related to the banking sector

Bangladesh Bank Report Newspapers

Scope of the Study

This report has been prepared through extensive discussion with bank employees and with theclients. Prospectus provided by the bank also helps to prepare the report. At the time of preparingthe report, I had a great opportunity to have an in depth knowledge of all the banking activitiespracticed by the Exim Bank Limited.

Limitations of the Study

The officers are very co-operative but they are too busy to give me time to get knowledge aboutpractical activities. Moreover they have to deal in a very competitive environment based onmoney related activities. I have to prepare this report alone. Every task has some limitations. Ifaced some usual constraints during the course of my internship. These are as follows:

Short of time:

I had to complete this report writing within a shorter period of time. So the time constraint of thestudy hindering the course of vast area and time for preparing a report within the mentioned

period is really difficult.

Busy working environment:

The officials had some times been unable to provide information because of their huge routinework.

Lack of sufficient well informed officials:

Many officials of the branch are not well informed about different systems of Exim bank. Theyknow but less. I had to face much difficulty to collect this information.

insufficient data:

Some desired information could not be collected due to confidentially of business

Overview of EXIM Bank Limited

Background of Exim Bank Bangladesh Ltd.


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Export Import Bank of Bangladesh Limited was incorporated in Bangladesh on June 2 1999 as abanking company under the companies Act 1994. The Bank converted its banking operation intoIslamic Shariah from traditional banking operation on 1stJuly 2004 after obtaining approval fromBangladesh bank. Exim bank went for public for issuing shares in the year 2004. Though thisbank started its business in 1999 but its growth rate was 40.68 % in 2004 and till 2007 it has

grown over 200 % from 2004. The bank has increased its branches to 40 at present and a hugenumber of customers are getting services from them each day. That indicated that Shariahbanking has an effect on the growth of the bank. Within an operative period as short as six years,the bank has arrived at a strong financial and business position by expanding its market sharecompared to its contemporaries and to some extent to the 2nd even 1st generation banks ofprivate sector. In addition, the Bank has also made a significant contribution to the nationaleconomy under the prudent leadership and untiring support of the member of the Board ofDirectors, who are leading business personalities and reputed industrialists of the country.

2.2 List of Sponsors

Md. Narzul Islam

Mazumder

Md. Nazrul IslamSwapan

Mohammad Abdullah Md Altaf Hossain Nasreen Islam

Md. Mazakat Harun Md. Fahim Zaman Pathan Asma Begum Eng. Aminur Rahman Khan Zubayer Kabir Rizwana K. Riza Md. Habibullah Md. Nur Hussain Hasina Akhter Anjan Kumar Saha A.K.MNurulFazal Bulbul Md. Abdul Mannan Rabeya Khatoon . Mahmuda Begum Nasima Akhter Sabira Sultana Mamtaj Begum Md. Shaiful Alam Hamida Rahman


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Md.FaizUllah Meer Joynal Abedin

Vision of The Bank

the gist of our vision is Together towards Tomorrow. Export Import Bcnk of BangladeshLimited, as the name implies, is not a type of Bank in some cmuitries on the globe, but is the firstof its kind in Bangladesh. It believes in

togetherness with its customers, in its march on the road to growth and progress with

services. To achieve the desired goal, there will be pursuit of excellence at all stages wok aclimate of continuous improvement, because, in Exim Bank, we believe, the fme of excellence isnever ending. Banks strategic plans and networking will strengthen its competitive edge overothers in rapidly changing competitive environments. Its personalized quality services to thecustomers with the trend tf constant improvement will be cornerstone to achieve our Operational

success.

Mission of the Bank:

The bank chalked out the following corporate objectives in order to ensure

smooth achievement of its goals:

To be the most caring and customer friendly and service

oriented bank,

To create a technology based most efficient banking environment for its Customers.

To ensure ethics and transparency in all level.

To ensure sustainable growth and establish full value of the honorable shareholders, and

Above all to add effective contribution to the national economy.

Organization Structure:

The total Management structure of EXIM bank is given below.

Above we we have the management structure of the total banking system of Exim bank. Thefunctional structure of the hierarchy is different andI have done my intern in the Aaion branchof the bank. It is not an assigned foreign exchange branch but it via the main branch in motijeel.Its total operation is not that big compare to branches. Below we have the organizationalstructure of the branch.


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E-CASH/ ATM SERVICE

The bank is currently providing Credit Card Service (MasterCard) to the privileged mers of thebank in collaboration of Prime Bank. Floating VISA card for both >it and Credit card service isunder process.

Bank Operational Area

Export and Import Trade Handling and Financing

As a commercial Bank, banks do all traditional Banking business including the wide noge ofsavings and credit scheme products, retail banking and ancillary services Mb the support of

modern technology and professional Excellency .But our main feus is, for obvious reason, onexport and import trade handling and the development

Uf ecirepreneurship and patronization of private sectors..

Achievements

is a great pleasure that by the grace of Almighty Allah, we have migrated at a time A thebranches from its conventional banking operation into Shariah based Islamic poking operationwithout any trouble. Lot of uncertainties and adversities were there this migration process. Theofficers and executives of our bank motivated the customers by counseling and persuasion inlight with the spirit of Islam especially for the non-Muslim customers. Our IT division has donethe excellent jpb of converting and fitting the conventional business processes into the processesbased cd Shariah. It has been made possible by following a systematic procedure of migrationunder the leadership of honorable Managing Director.

list of Branch

1. Head Office Corporate Branch

2. Saver Branch

3. Motijheel branch

4. Karwan Bazar Branch

5. Panthapath Branch

6. Gulshan Branch

7. Gazipur Branch

8. Imamganj Branch


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9. Nawabpur Branch

10. Narayangonj Branch

11. Shimrail Branch

12. Rajuk Avenue Branch

13. New Eskaton Branch

14. Uttara Branch

15. Mirpur Branch

16. Sat Moshjid Road Branch

17. Elephant Road Branch

18. Naria Branch

19. Mawna Branch

20. Malibagh Branch

21. Ashulia Branch

22. Ashugonj Branch

23. Bashundhara Road Branch

24. Kustia Branch

25. Agrabad Branch

26. Khatunngonj Branch

27. Jublee Branch

28. Sonai Muri Branch

29. Laksham Branch

30. CDA Avenue Branch

31. Chowmuhani Branch


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32. Comilla Branch

33. Modaffargonj Branch

34. Chhagalnaiya Branch

35. Pahartoli Branch

36. Sylhet Branch

37. Moulvi Bazar Branch

38. Golapgonj Branch

39. Fenchugonj Branch

40. Jessore Branch 4 l.Khaulna Branch

42. Bogra Branch

43. Rajshahi Branch

44. Rangpur Branch

Capital and Reserves

The Bank started its voyage with an authorized capital of TK 1,000 million whole its initial paid

up capital was TK.225.00 subscribed by the sponsors in the year 1999. The Capital and Reserveof the Bank as on 31stDecember 2005 stood at TK. 2179.81 million including paid up capital ofTK.878.S5 million. The Bank also made provision m unclassified investment which in amountedto TK.263.18 million.

Figure

m crore

SI. No Particulars 2004 2005 2006 20071 Authorized 100.00 100.00 350.00 350.00

2 Paid-up Capital 62.78 87.90 171.38 214.223 Reserve Fund 35.73 57.00 81.09 113.464 Deposits 1907.82 2831.90 3503.20 4154.665 Investment(General) 1933.20 2604.60 3264.13 4019.526 Investment(Share on

Bonds)154.30 163.30 223.33 245.77

7 Foreign Exchange Business 4931.24 7294.00 9617.51 11790.01a) Import Business 2678.10 4143.20 4959.67 6139.94


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b) Export Business 2241.84 3128.50 4623.46 5579.09c) Remittance 11.31 22.30 34.38 71.03

8 Operating Profit 83.58 117.58 137.87 190.829 Loan as a % of total

Deposit101.33% 91.97% 93.18% 96.75%

10 No. of ForeignCorrespondent 200 222 246 246

11 Number of Employees 768 934 1020 110412 Number of Branches 28 28 30 3513 Return on Assets 3.44% 1.65% 1.73% 2.00%

profit of this Bank as of 2004 to 2007

From the figure as well as from the profit and loss account data we can see that it has increasedday by day. In 4004 there was a value of 387,114,999 and it percentage rate was 15%where in2005 was 519,304,533 and percentage was 21%. In 2006 there value was 671,000,470 and

percentage was 27% and in 2007 there value was 932,513,965 and percentage was 37%. Fromthis information we can say that the profit of this bank is increasing day by day for there efficientworker as well as for there better management body.

Table : Profit of this bank

Year Amount TK2004 387,114,9992005 591,304,5332006 671,000,4702007 932,513,965

Total Assets

The total asset of the Exim bank has differed from one year to another year. The figure shows the2005 there was a small position from the 2007. It has increased day by day and it is increasing.That means we can say that the bank total asset in increasing for there better service well as therebetter performance.

Total Assets

Year Amount TK

2005 33,716,699,3282006 41,793,540,9622007 51,503,027,985

Total Liabilities and Shareholders Equity


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2005 there total liabilities and shareholders equity was 27 % where 2006 is 33 % and in BOOT itincreased at the percent of 40 %. Form this information we can say that it has sufficient to do thisand if it occurs more it will be hampered.

Total Liabilities and Shareholders Equity

Year Amount TK2005 33,716,699,3282006 41,793,540,9622007 51,503,027,985

Recommendation and Conclusion

Recommendation

The entire department should be well informed regarding their goal and objectives, it isessential to execute company objective into individual target.

Efforts should be made to increase Banks investment under Mudaraba & Musharakamodes.

To appoint manpower having sufficient knowledge on Islamic Shariah at all thebranches to ensure proper buying & selling in the investment operations o the Bank.

Though the loan system is good in Exim bank but Investment approval policy it tough. Itis difficult to get loans from Exim bank.

Exim bank should start SME service. It will increase its customer base and also it willincrease the acceptability of the bank to the customers.

Exim bank does not have a huge product line. They add more products and services andgrab other markets also.

r One of the most important problems Exim bank is having at this moment is the onlineservice. Online service of Exim bank is not impressive and to be in the market and tocompete with other banks online service of the bank has to be improved.

The management of Exim BANK should regularly administer marketing researchactivities in order to keep a regular track of satisfaction levels. Regular research shouldalso be conducted to find out customer expectations about various service aspects. Ascustomer expectations and satisfaction are not static figures, regular research at sufficientintervals should be conducted.

ATM card is not an extra service in the present time but a requirement for any bank.Exim bank has lacking in this sector. Though I have not included this question in myquestionnaire but while talking with customers and also with employees of Exim bank Ihave understood that ATM card their demand.

The Bank should persuade the government to introduce a separate Islamic Banking lawwith a view to operating their activities more smoothly.

Conclusion:


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As an organization the Exim Bank Limited has earned the reputation of top banking operation inBangladesh. It is relentless in pursuit of business innovation and improvement. It has a reputationas a partner of consumer growth. Though it is a new bank, Exim Bank makes a strong positionthrough its various activities, its number of clients /amount of deposit and investment moneyincreases day by day. This bank already has shown impressive performance in Foreign Exchange

Business.

Exim bank introduced a specialized banking service in Economic. Witha bulk of qualified andexperienced human resources, Exim Bank Limited can exploit any opportunity in the bankingsector, since its establishment it is rendering its services with qualified and knowledgeable staff.The environment of Exim Bank Ltd is very modernized and friendly. The staffs are specializedin their respective fields. Each of them works on their own and there is supervision from the top.The motivation of the staff, I believe comes from the very sense of responsibility. Each memberis individually responsible for his or her work.

Consumers are or less satisfied with the present services of the bank. Management should think

to start new services and take different types of marketing strategy to get more customers in thiscompetition market of banking.

This report tries to figure out most of the indicators of problems and strengths of Exim BankLimited as a valid pretender in the competitive banking sector of Bangladesh. The mainphilosophy of Exim Bank is to diminish interest and charge or pay fixed interest on loans ordeposits and at the same time establish an egalitarian society based on the principle of socialjustice and equity Instead of predator mined interest on deposits.

Bibliography

1) Annual report of Export Import Bank of Bangladesh Limited(2004-2007)

2) Investment Operation Manual by Muhd. Mubarak Hussein,deputy

Managing Director, Exim Bank Bangladesh Ltd.

3) Manual of Exim Bank Ltd.

4) Statement of affairs, Exim Bank Ltd. New Eskaton Branch.

5) Investment manual and guidelines of Exim Bank.

6) Islamic Banking- By Abdur Rakib and Shekh Muhammad.

7) Prospectus of Exim Bank Ltd.

8) Website; www.eximbd.co


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